Key Market Indicators
Filipina cosmetics import is predicted to reach $1.3 billion by 2026, up 3.2% year-on-year on average. Demand has risen 5.9% annually since 2001 and the country ranked 29th in 2021, just behind India with $1.04 billion. China, Germany and the UK were the second, third and fourth-largest importers, respectively. Meanwhile, Filipina cosmetics export is forecast to decrease 2.1% year-on-year on average to $83 million by 2026. Supply has fallen 17.7% annually since 2001 and the country was 61st in 2021, just behind Chile with $94 million. The US, Germany and Ireland were the second, third and fourth-largest exporters, respectively.
